TLA vs. BAR
TLA (GraniteShares Autocallable TSLA ETF) and BAR (GraniteShares Gold Trust) are both exchange-traded funds - TLA is a Derivative Income fund actively managed by GraniteShares, while BAR is a Gold fund tracking the LBMA Gold Price PM ($/ozt). TLA is actively managed, while BAR is passively managed. Their 0.40 correlation means their historical movements had little consistent relationship. TLA charges 1.07%/yr vs 0.17%/yr for BAR.
Performance
TLA vs. BAR - Performance Comparison
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Returns By Period
TLA
- 1D
- 0.68%
- 1M
- -7.40%
- 6M
- —
- YTD
- —
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- —
BAR
- 1D
- -1.51%
- 1M
- -1.73%
- 6M
- -16.49%
- YTD
- -6.21%
- 1Y
- 20.39%
- 3Y*
- 27.47%
- 5Y*
- 17.20%
- 10Y*
- —
- ALL TIME*
- 13.26%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $8.48M | $7.76M | $9.82M | |
| $81.43K | $70.64K | $69.71K |
TLA vs. BAR - Yearly Performance Comparison
| 2026 (YTD) | |
|---|---|
TLA GraniteShares Autocallable TSLA ETF | -2.43% |
BAR GraniteShares Gold Trust | -13.09% |
Correlation
The correlation between TLA and BAR is 0.40, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Feb 3, 2026 | 0.40 |
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Return for Risk
TLA vs. BAR — Risk / Return Rank
TLA
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
BAR
TLA vs. BAR - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for GraniteShares Autocallable TSLA ETF (TLA) and GraniteShares Gold Trust (BAR). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| TLA | BAR | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | — | 1.17 | — |
| Calmar ratioReturn relative to maximum drawdown | — | 0.87 | — |
| Martin ratioReturn relative to average drawdown | — | 1.88 | — |
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Drawdowns
TLA vs. BAR - Drawdown Comparison
The maximum TLA drawdown since its inception was -11.80%, smaller than the maximum BAR drawdown of -26.32%. Use the drawdown chart below to compare losses from any high point for TLA and BAR.
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Drawdown Indicators
| TLA | BAR | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -11.80% | -26.32% | +14.52% |
Max Drawdown (1Y)Largest decline over 1 year | — | -26.32% | — |
Max Drawdown (3Y)Largest decline over 3 years | — | -26.32% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -26.32% | — |
Current DrawdownCurrent decline from peak | -8.79% | -25.04% | +16.25% |
Average DrawdownAverage peak-to-trough decline | -1.78% | -6.75% | +4.97% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 12.15% | — |
Volatility
TLA vs. BAR - Volatility Comparison
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Volatility by Period
| TLA | BAR | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 6.32% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 23.33% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 16.63% | 27.91% | -11.28% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.63% | 18.38% | -1.75% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.63% | 16.61% | +0.02% |
TLA vs. BAR - Expense Ratio Comparison
TLA has a 1.07% expense ratio, which is higher than BAR's 0.17% expense ratio.
Dividends
TLA vs. BAR - Dividend Comparison
TLA's dividend yield for the trailing twelve months is around 8.86%, while BAR has not paid dividends to shareholders.
| Position | TTM |
|---|---|
BAR GraniteShares Gold Trust | 0.00% |
TLA GraniteShares Autocallable TSLA ETF | 8.86% |
Frequently Asked Questions
TLA and BAR have a correlation of 0.40, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, BAR is cheaper at 0.17% per year. The better choice depends on whether you care most about return, fees, risk, or income.
BAR is cheaper with a 0.17% expense ratio, compared with 1.07% for TLA.
TLA has the higher dividend yield at 8.86%, compared with 0.00% for BAR.
TLA is categorized as Derivative Income, while BAR is Gold. Their fees differ too: 1.07% for TLA and 0.17% for BAR.
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